Tilray Brands Inc TLRY

Quote of the Day

[Savage97]

Irwin Simon on TDR July 30th stated 2 separate USA business models that could benefit Tilray if / when Rescheduling to Sch 3 occurs.

1. With Certified GPM medical Cannabis facilities and NAFTA, TLRY will be able to export medical cannabis into the USA. Tilray has 5M ft2 of grow ops in Canada as close as 30 miles to Detroit.

2. Irwin Simon was asked on TDR about Medmen. As of July 30th Tilray and a 20% partner thru the Superhero Acquisition Corp bank Note, the only secured debtor with 80% held by Tilray and 20% Hankey Capital, a private direct lender and California developer, have 9-11 Medmen locations. Irwin Simon stated on TDR July 30th "we will build out those stores, Medmen 3.0" meaning the partnership Tilray / Hankey. The Medmen bankruptcy will likely take 9 months to complete, so by years end or shortly there after we will see what Tilray has been awarded and will be building out. Medmen at its peak was valued at $3B with 30 operating Retail stores, 70 licensed Undeveloped locations, Infused Beverages, Energy Drinks and Waters, 7 licensed Grow Ops, operating across the USA, in various states. Could Tilray & Hankey end up with a substantial cannabis operation in the USA? Likely. That has started. Sch 3 would benefit that operation Medmen 3.0